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The Dow Jones, a key index on Wall Street, surged 1.6 per cent to its highest level in two months after figures showed inflation was running at 8.5 per cent last month.
4:33pm: S&P 500 hits highest level since May The Dow finished Wednesday up 535 points, 1.6%, at 33,310, the Nasdaq Composite jumped 361 points, 2.9%, to...
4:33pm: S&P 500 hits highest level since May The Dow finished Wednesday up 535 points, 1.6%, at 33,310, the Nasdaq Composite jumped 361 points, 2.9%, to...
The U.S. economy has shrunk much faster than expected new figures released overnight show. U.S. GDP contracted by 0.9% on a quarter-on-quarter (annualised) basis.This was far below the consensus expectation of a 0.5% increase.
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